The new Code of Conduct and the adapted retention periods elaborated by the German Association “Die Wirtschaftsauskunfteien eV” (“DW”), which represents the interests of the major German credit reporting agencies, have been approved by the Data Protection Authority.
The Code of conduct for the review and storage periods of personal data by the German credit reporting agencies from May 25, 2024, provides for the continued application of the regulations from the (previous) Code of Conduct for information on settled claims up to and including December 31, 2024.
The companies that have joined these rules of conduct undertake to comply with them. The association will document the companies' accession and announce it in an appropriate form.
The complete document can be consulted and downloaded on the Website of DW.
Source: Die Wirtschaftsauskunfteien eV
Write a comment